The study reveals that the digital television is trending in North America region. The global Digital television market is expected to witness a high growth in the coming years. Moreover, Digital TV has replaced the existing versions of televisions in the electronics appliances, which is integrated with network boxes and servers.
The study indicates that the extra channels, converged communications, enhanced interactivity and mobility are the driving factor of digital television market. However, the switchover from analog broadcasting to digital broadcasting, the growth of new media platforms as sources of news, and the digital TV systems can offer access to the Internet and WWW has driven the digital TV market.
The Digital TV Market is growing rapidly over 17.3% of CAGR and is expected to reach at USD $~1.3 Billion by the end of forecast period.
The segment-based appraisal of the digital TV market is done on the basis of resolution, type, size, and region. By the types, the digital TV market comprises of HDTV, SDTV, EDTV, and others. By the resolution types, the digital TV market comprises of 720p (1280*720), 480p (640 x 480), 1080p (1920*1080), and Others (4K). Based on the size, the digital TV market is segmented into 32'’-42'’, 11'’-32'’, 42'’-50'’, and 50'’ & above. On the basis of region, the digital TV market consists of APAC, Europe, North America, and other regions.
Detailed Regional Analysis
The regional insights into the digital TV market consists of regions such as APAC, Europe, North America, and other regions. The regional digital TV Market in the Asia Pacific region is anticipated to witness swift growth in the forthcoming years due to the growing per capita disposable revenue in nations such as China and India. Furthermore, the incorporation of digital and analog components in digital TVs are offering a greater viewing experience, which is likely to motivate the global market. The North American region is anticipated to be the principal market for digital TV since the region has observed an elevated demand for digital content in countries such as the US and Canada. Furthermore, the customers in this region are favorably inclined towards the implementation of technologically advanced digital TVs such as QLED and OLED series. The European region has witnessed promising government advantages and elevated investments for the expansion of IT infrastructure.
The emphasis on research and development is expected to pay off for the market contenders leading them to an improved position in the market. The raw materials of the market are estimated to determine the development of supply to the end-users in the forecast period. The market is also projected to gain growth momentum due to the constructive steps that the market players are undertaking in the market. The market advance is expected to see a reversal in the overall progress due to the influence of macro factors. The positive effect of government regulations is estimated to reverberate throughout the market in the upcoming period. The strategies related to product creation and improvement are estimated to dictate the future growth trends of the market. The stimulus of currency stabilization is also expected to set up a favorable ground for market expansion in the years to come.
The well-known companies in the digital TV market are Sony Corporation (Japan), Vizio Incorporation (US), Samsung Group (South Korea), Hisense Corporation Ltd. (China), DISH Network (US), AT&T Inc. (US), Roku (US), Skyworth (China), TCL (China), Koninklijke Philips N.V. (The Netherlands), Funai (Japan), Changhong (China), Konka (China), Loewe (Germany), LG Corporation (South Korea), Metz (Germany), Vestel (Turkey), and Verizon FiOS (US).
Digital TV Market is anticipated to grow at 13% CAGR during the forecast period, Global Digital TV…
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